NS Partners Ltd Buys 5,930 Shares of ServiceNow, Inc. (NYSE:NOW)

NS Partners Ltd boosted its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 34.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,002 shares of the information technology services provider's stock after buying an additional 5,930 shares during the quarter. NS Partners Ltd's holdings in ServiceNow were worth $20,573,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Kirtland Hills Capital Management LLC increased its holdings in ServiceNow by 13.5% in the third quarter. Kirtland Hills Capital Management LLC now owns 1,351 shares of the information technology services provider's stock worth $1,208,000 after purchasing an additional 161 shares in the last quarter. Commerce Bank boosted its stake in ServiceNow by 2.5% in the third quarter. Commerce Bank now owns 131,915 shares of the information technology services provider's stock valued at $117,983,000 after acquiring an additional 3,275 shares during the last quarter. MWA Asset Management lifted its stake in shares of ServiceNow by 11.9% during the 3rd quarter. MWA Asset Management now owns 1,402 shares of the information technology services provider's stock valued at $1,254,000 after buying an additional 149 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in ServiceNow by 67.4% during the third quarter. Segall Bryant & Hamill LLC now owns 63,417 shares of the information technology services provider's stock valued at $56,720,000 after acquiring an additional 25,531 shares in the last quarter. Finally, Prospera Private Wealth LLC grew its stake in ServiceNow by 537.5% in the 3rd quarter. Prospera Private Wealth LLC now owns 2,161 shares of the information technology services provider's stock worth $1,933,000 after buying an additional 1,822 shares in the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ServiceNow

In other ServiceNow news, Director Jeffrey A. Miller sold 2,879 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $1,019.12, for a total value of $2,934,046.48. Following the sale, the director now owns 42,920 shares in the company, valued at approximately $43,740,630.40. This represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jacqueline P. Canney sold 353 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $924.96, for a total transaction of $326,510.88. Following the completion of the transaction, the insider now owns 3,027 shares in the company, valued at approximately $2,799,853.92. This represents a 10.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,373 shares of company stock worth $7,139,335 in the last quarter. Insiders own 0.25% of the company's stock.

Analyst Ratings Changes

NOW has been the subject of several research reports. Stifel Nicolaus upped their price objective on shares of ServiceNow from $900.00 to $990.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised their target price on shares of ServiceNow from $875.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 25th. Piper Sandler boosted their price target on shares of ServiceNow from $850.00 to $1,000.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Canaccord Genuity Group boosted their target price on shares of ServiceNow from $850.00 to $1,000.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, StockNews.com upgraded shares of ServiceNow from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $986.39.

ServiceNow Trading Up 0.1 %

ServiceNow stock traded up $1.11 during trading hours on Wednesday, reaching $1,023.21. 795,500 shares of the company's stock were exchanged, compared to its average volume of 1,283,504. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. The firm's 50 day simple moving average is $938.70 and its 200 day simple moving average is $829.46. The firm has a market capitalization of $210.78 billion, a PE ratio of 158.97, a PEG ratio of 5.80 and a beta of 0.98. ServiceNow, Inc. has a twelve month low of $637.99 and a twelve month high of $1,061.66.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.26. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The business had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.75 billion. During the same quarter last year, the firm earned $1.21 EPS. The firm's revenue for the quarter was up 22.2% compared to the same quarter last year. Research analysts predict that ServiceNow, Inc. will post 7.07 earnings per share for the current year.

ServiceNow Company Profile

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.